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Analyst: It Could Take 3 Months for Bitcoin Price to Repeat Gold Bull Market
The founder of digital asset fund Capriole Investments said that the BTC price movement still looks "very promising". Edwards uploaded a chart comparing the BTC price movement with the gold price movement since the end of 2019, and he concluded that once gold starts to show a new trend, it will only take time for Bitcoin to keep up. Superimposing XAU/USD onto BTC/USD shows that the incubation period for Bitcoin is about three months. "According to a rough rule of thumb, the macro trend of bitcoi...
2024-08-13 10:04:43
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